AtlasClear Holdings, Inc. (NYSE American: ATCH), a technology-enabled financial services platform, reported financial results for its fiscal third quarter ended March 31, 2026, showing a 65% year-over-year revenue increase to $4.2 million, compared to $2.5 million in the prior-year quarter. For the nine-month period, revenue rose 67% to $13.5 million from $8.1 million. The company achieved net income of $4.4 million, or $0.05 per diluted share, versus a net loss of $(0.02) per share in the prior-year period, marking a significant profitability milestone.
The results underscore AtlasClear's transition from balance sheet repair to operational scaling, according to management. Executive Chairman John Schaible stated, "This quarter marks AtlasClear's clearest demonstration yet that the platform we set out to build is taking commercial shape." The company has moved to expand its earnings capacity through pending acquisitions of Commercial Bancorp of Wyoming and Ark Financial Services, which includes broker-dealer Dawson James Securities.
Key drivers of the quarter's performance included stock locate and securities lending revenue, which reached $1.4 million in the quarter and $3.0 million year-to-date, compared to effectively zero in the prior-year periods. President Craig Ridenhour noted, "Securities lending has gone from immaterial to a $3.0 million year-to-date contributor on the back of deliberate operational build-out." The company also signed or actively onboarded five correspondent clearing relationships, with additional relationships in late-stage development.
Balance sheet improvements were substantial. Legacy de-SPAC liabilities were reduced by more than 95% since fiscal year-end 2024, from approximately $34 million to under $1 million. Stockholders' equity improved to $22.3 million from a $(6.8) million deficit at fiscal year-end 2025, a $29.1 million turnaround. Total liabilities declined by approximately $16 million from fiscal year-end 2025. Cash and cash equivalents totaled $16.7 million, with total cash including segregated customer and PAB reserve cash at approximately $41.2 million. Wilson-Davis & Co., the company's broker-dealer subsidiary, ended the quarter with net capital of $15.2 million, about 50% higher than at the time of its acquisition in early 2024.
Interest expense declined 33% year-to-date to $4.6 million from $6.9 million, reflecting debt reduction actions. The $20 million structured capital raise completed in October supports continued execution without near-term equity dilution. Management believes the strengthened balance sheet positions AtlasClear to pursue operational and strategic growth initiatives.
The company submitted a formal application to the Federal Reserve and Wyoming Division of Banking for the proposed acquisition of Commercial Bancorp of Wyoming and executed a Letter of Intent to acquire Ark Financial Services. These acquisitions are intended to expand service capabilities across clearing, capital markets, and banking.
An earnings conference call is scheduled for Thursday, May 14, 2026, at 8:30 AM ET. A webcast and replay will be available via ViaVid.
